A simple plan to help boost Canada’s affordable housing supply
2 min readA federal fund could allow non-profits to buy and maintain existing stock, freeing up private sector capital for reinvestment
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By Mark Kenney and Sam Kolias
The federal government has embraced a robust suite of measures to spark new home construction, and as officials consider next steps to tackle the crisis, they must pursue a parallel line of attack just as important as new supply — ensuring the existing stock of affordable housing is protected and expanded.
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The current shortage of social housing, combined with higher costs of renting and home ownership, have left more Canadians at risk of homelessness. Many people are being forced to sleep in tents this winter — and that is not acceptable.
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Special to Financial Post
2023-12-30 09:00:21
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